How to escape the credit card overspending trap

Escape Credit Card trap
You asked for freedom and you have been given a credit card. Credit card is the power to spend money whenever you want. Isn’t it a real pleasure and fun to own one and shop till you drop? But remember, it’s not all about spending but also about repaying. It’s not your money; it’s somebody else’s money. To be blunt, it’s a ‘debt’ you have.

So handle credit cards with care and smartness. Let’s checkout few escape traps from these huge credit card bills that you get every month.

Don’t withdraw money
Remember credit cards are not Debit cards. They are ‘debt’ cards. Never withdraw money from the card because the interest rates are more than the normal transactions.

Better credit card deal
Try getting a better credit card deal which has the least interest rates. Choose cards based on your expenses and your quality of living. Switch to simpler cards if you are unable to repay the amount that you have used.

Payback regularly
Don’t skip to pay regular installments. Get help if you are running short of monies to repay the amount. Ensure you are not accumulating the amount to close it all at once.

Don’t overspend
A well-known axiom reads ‘Err is Human’. You start doing mistakes by swiping the credit card thoughtlessly and from there on your mistakes are endless.

Keep away from Girlfriends
One big truth in a man’s life is never fight your girl and never lends her your credit card. Your credit card is a lot for you, but for your girlfriend it’s the ‘Genie in disguise.’

Stay away from the credit card
Credit cards work when you’re in need of money. Recall the philosophy, Out of sight is out of mind. The less you use the less you try to misuse it.

Escape the trap
This is the title of the article. Yes try to escape of the trap. Get professional help when you are struggling to repay the amount. Do not wait until the digits show weird numbers. This might make you feel dizzy.

Alluring cashback offers
Credit cards usually offer cashbacks on the total amount that you spend. Do not fall in the trap and overspend in the name of cashbacks. Limit. These bonuses are for new card holders and onetime events. So, limit your shopping to the amount you are certain to payback.

About the Author(Article Source: http://www.artipot.com)
The Kiran Mehta is a Post graduate from the Napier Edinburgh University, Scotland and Freelancer Content Writer and Web Developer and one of the frequent visitors of Itzcash.com for a href=”http://itzcash.com/corporate-cash-card-solutions/receivables-management-solutions/online-payment-gateway/”>instant payment.

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